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PPI YoY climbed to 2.0 in December 2024, up 1.7 from November's 0.3 reading. The print came in hotter than the 1.2 consensus, a hotter print than forecasters anticipated. PPI YoY has now risen for 4 consecutive months. Over the past 3 months, PPI YoY averaged -0.5, vs -0.4 in the prior 3-month window. PPI YoY is now the highest in 6 months.
The January 2025 reading rose from the previous value of 0.3. Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK) and negatively correlated with USD/SEK (Bullish SEK).
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